Alphabet Inc (GOOGL) Shares Bought by Sturgeon Ventures LLP

Sturgeon Ventures LLP lifted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,659 shares of the information services provider’s stock after buying an additional 134 shares during the quarter. Alphabet comprises 1.9% of Sturgeon Ventures LLP’s portfolio, making the stock its 16th largest position. Sturgeon Ventures LLP’s holdings in Alphabet were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New England Research & Management Inc. grew its holdings in Alphabet by 87.3% in the second quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock worth $848,000 after purchasing an additional 350 shares during the period. Pegasus Partners Ltd. grew its holdings in Alphabet by 18.5% in the second quarter. Pegasus Partners Ltd. now owns 468 shares of the information services provider’s stock worth $528,000 after purchasing an additional 73 shares during the period. Swarthmore Group Inc. grew its holdings in Alphabet by 6.3% in the second quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock worth $9,090,000 after purchasing an additional 475 shares during the period. Windward Capital Management Co. CA grew its holdings in Alphabet by 0.4% in the second quarter. Windward Capital Management Co. CA now owns 19,540 shares of the information services provider’s stock worth $22,065,000 after purchasing an additional 71 shares during the period. Finally, Hilltop Holdings Inc. grew its holdings in Alphabet by 117.5% in the first quarter. Hilltop Holdings Inc. now owns 1,855 shares of the information services provider’s stock worth $1,924,000 after purchasing an additional 1,002 shares during the period. Institutional investors own 30.55% of the company’s stock.

Several research analysts have recently issued reports on the stock. Monness Crespi & Hardt dropped their target price on shares of Alphabet from $1,415.00 to $1,315.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $1,450.00 target price on shares of Alphabet in a research note on Tuesday, August 21st. Zacks Investment Research downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Wedbush assumed coverage on shares of Alphabet in a research note on Wednesday, October 17th. They issued an “outperform” rating and a $1,350.00 target price on the stock. Finally, MKM Partners dropped their target price on shares of Alphabet from $1,465.00 to $1,365.00 and set a “buy” rating on the stock in a research note on Monday, November 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average price target of $1,330.16.

Shares of Alphabet stock opened at $1,051.71 on Friday. The company has a market cap of $731.86 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.29 and a beta of 1.06. Alphabet Inc has a twelve month low of $984.00 and a twelve month high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.54 by $2.52. The company had revenue of $27.16 billion for the quarter, compared to the consensus estimate of $27.32 billion. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. On average, research analysts anticipate that Alphabet Inc will post 45.02 earnings per share for the current fiscal year.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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